Movistar is a leading telecommunications company in Argentina that operates in the Wireless Service Providers sector. The company provides a wide range of services to its customers, including mobile and fixed-line telephony, broadband internet, and digital television. Movistar is committed to sustainability and has taken several initiatives to reduce its carbon footprint and promote renewable energy.
Decarbonisation is a key focus area for Movistar, and the company has set ambitious targets to reduce its greenhouse gas emissions. Movistar aims to achieve carbon neutrality by 2050, and it has developed a comprehensive decarbonisation plan to achieve this goal. The plan includes several measures such as energy efficiency improvements, renewable energy sourcing, and the use of low-emission vehicles.
One of the key initiatives taken by Movistar to promote decarbonisation is the adoption of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider to purchase electricity from renewable sources. By signing a corporate PPA, Movistar can ensure a stable and predictable supply of renewable energy, reduce its carbon footprint, and contribute to the growth of the renewable energy sector.
Movistar has signed several corporate PPAs in Argentina, including a 20-year agreement with a wind farm in the province of Buenos Aires. The wind farm will supply 100% renewable energy to Movistar's operations in Argentina, reducing the company's carbon emissions by 30,000 tons per year. Movistar has also signed a PPA with a solar farm in the province of San Luis, which will supply 50% of the company's energy needs in Argentina.
In addition to corporate PPAs, Movistar has also invested in corporate energy projects to promote renewable energy. The company has installed solar panels on the roofs of its buildings in Argentina, generating clean energy to power its operations. Movistar has also implemented energy efficiency measures such as LED lighting and HVAC systems, reducing its energy consumption and carbon emissions.
Movistar's commitment to sustainability extends beyond its own operations, and the company has taken several initiatives to promote renewable energy in Argentina. Movistar has launched a program to support the development of renewable energy projects in the country, providing financing and technical assistance to renewable energy developers. The program aims to increase the share of renewable energy in Argentina's energy mix and contribute to the country's decarbonisation goals.
In conclusion, Movistar is a leading telecommunications company in Argentina that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and promote renewable energy, and it has taken several initiatives to achieve these goals. Movistar's adoption of corporate PPAs and investment in corporate energy projects are important steps towards decarbonisation, and the company's support for renewable energy development in Argentina is a testament to its commitment to sustainability.